Lorne Waldman, MBA, LL.B., has rejoined the Silvercorp team in the role of Senior Vice President after taking a one year sabbatical. Mr. Waldman, who has 16 years of experience in management of North American listed companies with operations in China, served as Silvercorp's Corporate Secretary from 2007 to 2012. Prior to that he held a senior management position with a NYSE listed electronics manufacturer. He will be in charge of the Corporate Head Office in Vancouver, British Columbia, responsible for investor relations, corporate communications, and general corporate matters.
Wow! Lorne is one well-compensated Vice President!
He was granted 100,000 options last month when he rejoined the flock. Oooowee, that's one big incentive to make sure the stock price rises. Now that he is in charge of corporate matters, how soon before they start executing big time on that stock repurchase plan??? (If it were me, I'd be buying back the max shares allowed every day until the end of the plan. That would at least cover the dilution from insider grants this year.)